Insolvency practitioners claim they are losing faith in Ireland’s corporate watchdog – Business Post
Insolvency practitioners claim they are losing faith in Ireland’s corporate watchdog Business Post Read the original article here
Insolvency law cannot override PMLA, says NCLAT; upholds asset attachment by ED
Insolvency & Bankruptcy Code cannot override the Prevention of Money Laundering Act (PMLA), said appellate tribunal NCLAT, adding assets of an debt-ridden firm once attached by the Directorate of Enforcement (ED) and confirmed by competent authority cannot be released for its resolution. Under section 14 of IBC, a moratorium is applied on those assets for…
NCLAT Confirms CIRP Admission Despite OTS with Guarantors, Says Corporate Debtor Still Liable [Read Order]
Corporate Debtor Liable: NCLAT Confirms CIRP Admission The National Company Law AppellateTribunal (NCLAT), in a recent ruling, upheld the initiation of the CorporateInsolvency Resolution Process (CIRP) against M/s Ace Engineering (India) Pvt. Ltd., rejecting claims that a One-Time Settlement (OTS) with personal guarantors extinguished the company’s debt. The appeal was dismissed on July 3, 2025.…
Moratorium u/s 14 of IBC Does Not Bar ED’s Provisional Attachment Under PMLA: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the issuance of a Provisional Attachment Order (PAO) by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), does not violate the moratorium under Section 14 of the IBC. In this case, the appeal has been been…
NCLAT dismisses Canara Bank’s Application u/s 95 of IBC on Failure to Prove Claimed Debt of 43 Cr [Read Order]
In a recent case, the Cochin bench of the National Company Law Tribunal (NCLAT) dismissed the application filed by Canara Bank under section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, on failure to prove the claimed debt of 43 Crore. Canara Bank, Asset-Recovery Management Branch under Section 95 of the Insolvency & Bankruptcy…
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Access Denied You don’t have permission to access “http://www.business-standard.com/markets/kobo-biotech-ltd-share-price-6012/announcements/bse-exchange-45712947” on this server. Reference #18.d1672817.1752288124.ae9323a1 https://errors.edgesuite.net/18.d1672817.1752288124.ae9323a1 Read the original article here
Statutory document 5 – Legal entities, including insolvency and Regulation 31 and Section 57 applications
The following is an accessible alternative to the original PDF statutory document. Every effort has been made to replicate the original faithfully, but this has not always been possible. There will be instances below where the formatting required to fit within an HTML document has not allowed the original content to be transposed directly. Footnotes…
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt – MSN
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt MSN Read the original article here
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Developer defends ‘historic’ failures and big debts – The Press
Developer defends ‘historic’ failures and big debts The Press Read the original article here